NEW YORK TIMES: Strong consumer and business spending spurred the growth.
NEW YORK TIMES: Strong consumer and business spending spurred the growth.
Over July, August and September, economic output rose at an annual rate of 5 percent, the Commerce Department said Tuesday, a huge revision from its earlier estimate of 3.9 percent.
The revision was led by an uptick in investment by businesses, a force for growth in most economic recoveries but one that has lagged until recently in the present one.
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